In Ireland, income protection insurance is a type of insurance that provides a replacement income if you are unable to work due to illness or injury.

This type of insurance can help to cover your living expenses and ensure that you and your family are able to maintain your standard of living in the event that you are unable to work.

Income protection insurance is an important consideration for anyone who relies on their income to support themselves and their loved ones.

5 Advantages of Income Protection

1. Income protection insurance can provide a replacement income if you are unable to work due to illness or injury, which can help to cover your living expenses and maintain your standard of living.

2. This type of insurance can help to protect you and your family from the financial consequences of a sudden loss of income.

3. It can give you peace of mind knowing that you have a safety net in place in case of a unforeseen event that prevents you from working.

4. Income protection...

Retirement

No one really likes getting older but it is a fact of life and realistically you need to plan for the day that you eventually get to retire, ride off into the sunset and enjoy your golden years. If you’re in your 40’s you’ve still got 20 years before your retirement and you still have a decent amount of time to plan for it.

If you don’t have a pension it might be time to look into it. If you do have one reviewing it now may ensure you maximise its efficiency.

Housing

There are two elements to this part. You either own a house currently or you don’t. Either way planning for your future accommodation needs is important. Renting is becoming more common place it’s quite expensive to rent for your lifetime especially in densely populated areas. If renting long term is not for you then looking at buying a house might be the solution.

If you currently own and a house and have a mortgage you should review it every 2 to 3 years to ensure you are...